Frequently Asked Questions
Can you provide a Proof of Funds Letter for my
real estate deal? Yes we can. You
simply need to fill our our Proof of Funds request form. This
can be found by clicking on this Proof of Funds
link.
How much are your
fees? We offer some of the lowest fees in
the industry. You pay only 2 percent of the loan amount,
plus a transaction fee of $495. For a full list of our fees, click on our
Fee Schedule. For deals over
$500,000 we will consult with you on the
fees.
Do you
fund everywhere in the
U.S.? We
can fund deals in the following 17 states: California, Colorado, Florida, Illinois, Indiana,
Maryland, Massachusetts, Missouri, Nebraska, New Jersey, North Carolina, Ohio, Pennsylvania,
South Carolina, Tennessee, Texas and Utah.
Can I use my own title company or closing
attorney? Yes you can. But you
first need to make sure that the company you choose
offers Back to Back closings. Not all do. If your regular
title company or closing attorney doesn't offer this, let us
know. We can provide you with information on companies that do
offer this service in the states we provide funding in.
What kind of real estate deals do you
provide funding for? We provide funding for
any kind real estate deal that has an End Buyer in place. This
includes Short Sales, REOs, Wholesale deals, For Sale By Owner
deals, Commercial Deals, or Land.
What sort of credit checks are
involved? There are no credit checks or
appraisals on the property
whatsoever.
Will I still have to pay if the deal falls through on
closing day? No, we only charge
fees for deals that are completed entirely. If your
end buyer backs out at the last minute or doesn't close for
any reason, there is absolutely no charge to
you.
What about
closing costs? Do you fund that too? We
provide 100% of the funding of your real estate transaction,
and that includes all closing costs for the 1st transaction
(the A to B transaction).
Can you fund my rehab project? No, we only fund deals
that are closing back to back in the same day. We offer
no other financing.
Is
there a minimum or maximum deal you can
fund? We prefer deals at least
$50,000 or more, but we will consider any deal with an
end buyer in place. We can fund deals worth well over
$1,000,000.
Can my
end buyer get funding with you also? No we
only offer funding for the 1st transaction (the A to B
transaction). Your end buyer must have pre-approval for
financing or provide proof of funds as a cash
buyer.
How much lead
time do you require? We can fund
deals with as little as 48 hours notice, but the more
time we have in advance of the closing date, the better.
Contact us for more info
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